Khobar bank currently pays no dividend. The company is anticipating dividends of $0.70, $0.85, $.90, and $1 over the next four years, respectively. After that, the company anticipates increasing the dividend by 4 percent annually. The first step in computing the value of this stock today is to compute the value of the stock in year: a. 3. b. 4. c. 5. d. 6. e. 7.